E Money Network, a modular RWA blockchain, has announced the launch of the largest RWA grant program in the crypto space, totaling $2 million. The program aims to support RWA projects and accelerate the development of the RWA economy.
E Money Network serves as an L1 blockchain that provides a foundational network for building RWA projects. It offers a developer-friendly SDK for customized features and ready-made modules such as KYC verified onboarding, banking, staking, governance, and more. The network also supports interoperability with Inter-Blockchain Communication (IBC), allowing applications to communicate with other IBC-compatible blockchains.
The platform has integrated compliance modules, including Know Your Customer (KYC), Know Your Ownership (KYB), and Know Your Transaction (KYT) to ensure adherence to forthcoming Markets in Crypto Assets (MiCA) regulations.
As part of its #BUIDLonEMN initiative, E Money Network invites developer teams with disruptive RWA-centric ideas to build on the network. Applicants can submit Requests for Proposals (RFPs) detailing their ideas for RWA applications. The $2 million grant pool will be distributed as initial capital among eligible projects.
CEO Raj Bagadi stated, “The RWA ecosystem is in its early stages, and building RWA-specific applications will help shape E Money Network’s trajectory and spearhead advancements for the wider RWA ecosystem. Therefore, we are launching the largest grant program to enable the next generation of entrepreneurs seeking to rebuild the financial markets with RWA applications.”
A selection committee comprising technology experts, marketing professionals, and community members will review grant applications based on criteria such as the project’s objective, anticipated impact, milestones, budget, team details, and product roadmap. Eligible projects can win grants ranging from $5,000 to $50,000 based on requirements and product scale.
Interested developers and builders can join the #BUIDLonEMN initiative by filling out the grant application form and joining E Money Network’s grant channel on Discord. Successful applicants will be notified along with further instructions.
E Money Network is a regulated Modular RWA blockchain that aims to bridge the liquidity divide between Web 2.0 and Web 3.0. For more information, users can visit the company’s LinkedIn, blogs, and whitepaper. Media queries can be directed to [email protected]
For further information, please contact:
Shivangini Agarwal
Head of Marketing & Branding
E Money Network
[email protected]
